Wholesaling to Owner Occs

Bird Dogs, Wholesaling
1

with it being so competitive in the reos with muli-offers do you all ever bid at list price or over if its good deal i think we can make alot of $$ out here in Cali with houses now at 60,000-115K…this market willcome back comps are at 140-170+…now we are outside la 30-60 miles east. What u think at list above or keep making offers 10-15 under…these some new lisings

2

If the numbers work, you can certainly do this.

At times we’ve had success in the past by simply offering more than the asking price if the numbers still work.

You’ll have much more success (numbers wise) in wholesaling homes owned by private individuals and flipping them to owner occs.

Especially if you can do this creatively

Thanks!

Dennis

3

Thanks! I am in S Cali …U?

4

This idea could work if you have enough in reserve to carry the costs on the house if it does not sell right away. This is the big issue to overcome in the post mid-2006 market…an exit strategy. So it will work but be prepared to pay costs until the house sells.

Another idea that I have been doing since the market crash, I do some advertising for owner occupant buyers who need creative financing and I sell them on retaining me to show them how to acquire a home without credit from an anxious seller. Everyone wins…I get fees to share what I do, the buyer gets what they need, an owner financed home, and I have my exit strategy in place before I go out into the market.

Hope that helps.

Rob